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IFC Releases $2.5 Billion Bonds To Fund Infra Projects In India

BI India BureauAug 20, 2014, 16:34 IST

The International Finance Corporation (IFC), the World Bank's private-sector wing, today launched $2.5 billion, rupee-denominated bonds to fund infrastructure projects in India.

As per the programme, IFC will use a combination of rupee-denominated bonds and swaps to raise local-currency financing of up to $2.5 billion, or Rs. 15,000 crore, over the next five years," the statement said.